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Keyword: elpasoelectric
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Calif. Cites 60 Energy Firms in Report
SAN FRANCISCO (Reuters) - California, armed with what it calls hard, new evidence of rampant power market manipulation, handed federal regulators on Monday the names of about 60 energy companies it alleges were behind the state's 2000-2001 energy crisis. Loretta Lynch, a member of the California Public Utilities Commission, told Reuters a 1,000-page final report on the crisis filed Monday at the Federal Energy Regulatory Commission names "almost 60 companies that participated in gaming our energy market." The crisis, triggered by a badly flawed attempt to open the electric industry to competition, cost California billions of dollars, bankrupted the state's...
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